Bank of America, National Association (USA) in Phoenix, Arizona (AZ)

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Bank of America, National Association (USA)
GeneralFDIC Certificate #: 27595
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FIA Card Services, National Association (#33318)
Federal Reserve ID: 1417557
Date Established: September 28, 1989
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 40428
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: September 28, 1989
Last Structure Change Effective Date: October 20, 2006
Last Structure Change Process Date: January 10, 2007
Last Data Update: January 10, 2007
Data Source Date: April 05, 2012
LocationAddress: 1825 East Buckeye Road, Phoenix, AZ 85034
County: Maricopa
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Atlanta
FDIC Field Office: Phoenix
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
Financial SummaryTotal assets: $57,282.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)7,272
Total assets$62,982,777
Cash and due from depository institutions$1,014,347
Interest-bearing balances$460,787
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$58,951,646
Loan loss allowance $3,423,612
Trading account assets$0
Bank premises and fixed assets$3,029
Other real estate owned$0
Goodwill and other intangibles$1,619,907
All other assets$1,379,233
Life insurance assets$0
Total liabilities and capital$62,982,778
Total liabilities$56,346,191
Total deposits$72,379
Interest-bearing deposits$0
Deposits held in domestic offices$72,379
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $5,838,998
Trading liabilities$0
Other borrowed funds $47,593,231
Subordinated debt $950,000
All other liabilities $1,891,583
Total equity capital$6,636,587
Total bank equity capital$6,636,587
Perpetual preferred stock$6,636,587
Common stock$0
Undivided profits $3,855,074
Noncurrent loans and leases $2,740,913
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $200,513,516
Income earned, not collected on loans $0
Earning assets $1,236,880
Long-term assets (5+ years) $749
Average Assets, year-to-date $375,364
Average Assets, quarterly $59,427,048
Volatile liabilities $12,038
Insider loans $57,715,077
FHLB advances $61,363,894
Loans and leases held for sale $53,013,549
Unused loan commitments $707
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $200,513,516
Restructured Loans and leases $0
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $7,545,015
Total interest expense $1,560,069
Net interest income $5,984,946
Provision for loan and lease losses $4,434,356
Total noninterest income $2,231,488
Fiduciary activities $0
Service charges on deposit accounts $14,403
Trading account gains & fees $0
Additional noninterest income $2,217,085
Total noninterest expense $1,903,250
Salaries and employee benefits $217,046
Premises and equipment expense $22,340
Additional noninterest expense $1,663,864
Pre-tax net operating income $1,878,828
Securities gains (losses) $0
Applicable income taxes $689,530
Income before extraordinary items $1,189,298
Extraordinary gains - net $0
Net income attributable to bank $1,189,298
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3,759,577
Net operating income $1,900,000
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets13.84%
Cost of funding earning assets 2.86%
Net interest margin 10.98%
Noninterest income to earning assets 4.09%
Noninterest expense to earning assets 3.49%
Net operating income to assets 2.06%
Return on assets (ROA) 2.06%
Pretax return on assets 3.26%
Return on equity (ROE) 17.07%
Retained earnings to average equity (YTD only) -10.20%
Net charge-offs to loans 6.55%
Credit loss provision to net charge-offs 117.95%
Efficiency ratio1.68%
Assets per employee$21,415
Cash dividends to net income (YTD only)8.66%
Condition Ratios (%)
Loss allowance to loans 159.76%
Loss allowance to noncurrent loans 5.49%
Noncurrent assets plus other real estate owned to assets 276.79%
Noncurrent loans to loans 1.96%
Net loans and leases to deposits1.98%
Net loans and leases to core deposits 81448.55%
Equity capital to assets 81448.55%
Core capital (leverage) ratio 10.54%
Tier 1 risk-based capital ratio 9.37%
Total risk-based capital ratio 8.66%
Average assets$11
Average earning assets$57,715,077
Average equity $6,966,566
Average loans $54,528,618
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Bank Assets Sold and Securitized (December 31, 2005)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $0
Home equity lines$0
Credit cards receivables$2,236,528
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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